Amalgamated Bank Sells 6,853 Shares of Genworth Financial, Inc. (NYSE:GNW)

Amalgamated Bank lessened its stake in Genworth Financial, Inc. (NYSE:GNW) by 5.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 127,273 shares of the financial services provider’s stock after selling 6,853 shares during the period. Amalgamated Bank’s holdings in Genworth Financial were worth $872,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of GNW. Donald Smith & CO. Inc. lifted its stake in shares of Genworth Financial by 3.7% during the third quarter. Donald Smith & CO. Inc. now owns 25,015,294 shares of the financial services provider’s stock worth $171,355,000 after buying an additional 901,485 shares during the period. American Century Companies Inc. raised its holdings in Genworth Financial by 9.1% in the 2nd quarter. American Century Companies Inc. now owns 7,054,069 shares of the financial services provider’s stock worth $42,607,000 after purchasing an additional 590,496 shares during the period. Assenagon Asset Management S.A. increased its holdings in Genworth Financial by 8.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 4,605,054 shares of the financial services provider’s stock worth $31,545,000 after acquiring an additional 371,513 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its stake in Genworth Financial by 93.5% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 4,052,621 shares of the financial services provider’s stock valued at $24,478,000 after buying an additional 1,958,632 shares in the last quarter. Finally, Millennium Management LLC increased its position in shares of Genworth Financial by 51.5% during the second quarter. Millennium Management LLC now owns 2,778,921 shares of the financial services provider’s stock worth $16,785,000 after purchasing an additional 944,677 shares in the last quarter. Institutional investors own 81.85% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Genworth Financial from a “hold” rating to a “buy” rating in a research report on Tuesday.

Insider Activity at Genworth Financial

In other Genworth Financial news, CEO Thomas J. Mcinerney sold 150,000 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $6.88, for a total value of $1,032,000.00. Following the completion of the transaction, the chief executive officer now owns 4,532,954 shares of the company’s stock, valued at $31,186,723.52. This trade represents a 3.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 1.80% of the stock is owned by insiders.

Genworth Financial Stock Down 0.8 %

Shares of NYSE:GNW opened at $7.28 on Friday. The business has a 50-day moving average price of $6.88 and a 200 day moving average price of $6.57. The company has a market capitalization of $3.11 billion, a price-to-earnings ratio of 34.64 and a beta of 0.95. Genworth Financial, Inc. has a 12-month low of $5.67 and a 12-month high of $7.48. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.17.

Genworth Financial Company Profile

Genworth Financial, Inc, together with its subsidiaries, provides mortgage and long-term care insurance products in the United States and internationally. It operates in three segments: Enact, Long-Term Care Insurance, and Life and Annuities. The Enact segment offers private mortgage insurance products primarily insuring prime-based, individually underwritten residential mortgage loans; and pool mortgage insurance products.